Indian Business Expansion in to the UK
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Over the past few decades, there has been a change in the essence and dynamics of Indian companies’ commitment to trading in overseas markets. Due to technological and structural advancements in the country, there has been a rise in the number of start-ups that are competing with foreign companies.
This is an apt time for India-based companies to look outward and consider whether global growth would benefit their business.
For any business in today’s world, not expanding internationally is practically not tapping into the global market. Not only does such expansion provide diversification and additional revenue, but it also exposes one to different methods of doing business.
In addition, businesses that expand overseas can benefit from increased cultural sensitivity, competitive intelligence, new opportunities, and better management practices.
While many companies are expanding overseas, many are yet to leap. However, expansion is crucial to increase profits and reach new customers.
If you’re on the fence about taking your company global, read this article to know the key benefits of expanding your business into the UK.
Why expand your Indian business into the UK?
With a 2019 gross domestic product (GDP) of $2.83 trillion, the United Kingdom has the sixth-largest economy in the world with a rapidly growing British SME sector. At the start of 2020, there were 5.9 million small businesses, up to 1.9% from the previous year. They are the driving force of the UK economy, accounting for 50 percent of the total revenue generated by UK businesses and 44 percent of the country’s labour force.
Historical and cultural links
UK and India have close historical and cultural links that have created perfect conditions for India-based businesses wishing to expand into the welcoming UK market. And opportunities have increased substantially. Effectively this means Indian businesses can now compete to penetrate the UK market on a level playing field.
Icon Offices offers various services that can help you take your Indian business to the UK market without the need to get a UK visa.
These include:
- · UK office rental for Indian entrepreneurs and Indian Businesses
- · UK address services
- · UK company registration and formation for Indian entrepreneurs and businesses
- · UK virtual phone number service
- · Virtual receptionist and call answering services
- · UK multi currency bank account formation
- · Mail handling services
- · Accountancy and tax filing and more.
The flexibility of building a local UK presence with a virtual office
One of the key factors of any business expansion is increasing your physical location footprint. Icon Offices is one of the best Virtual Office Service providers in the UK. Our virtual office service allows you to use any of our addresses for your business without actually being located there.
With our virtual office service, you can work remotely from anywhere in the world while maintaining the appearance that your business is located at one of our business centres. We have a range of premium virtual business address locations to choose from located in Central London, East London,Essex, Glasgow Central and Belfast.
You can use the images of our physical building for your website, maps, or anywhere else you need. This will help you build an image of a global organisation for your business. With the use of our Central London addresses, you can attract more customers from the locality.
Our virtual office service also has features like Mail handling, Mail forwarding, Virtual Receptionist / Call Answering, and many more.
We can receive posts for you and scan and email or forward you any posts that you may receive at our location. This way you can manage your business communications from anywhere in the world without any hassle and without spending extra money for it.
Increase global reach
A virtual office has revolutionised the way businesses can expand internationally, offering a flexible and cost-effective solution to the challenges of taking your brand to the UK.
Icon Offices can help you form a UK limited company with minimum requirements. We offer the best value UK Limited Company Formation Service with free consultation for Accountancy, tax, or general company filings.
With a UK-limited company, you can access new e-commerce platforms like Shopify, Etsy, Amazon UK, and many more. This way you can diversify your revenue stream so that you aren’t reliant on selling your product or services in a limited market.
How do I expand my Indian business to the UK with a virtual office?
Establish a local presence
As much as you are going to use a virtual office for your business, you have to know where you want your business to be located. But that does not mean you have to be there physically.
With a virtual office, you can establish your business in multiple countries without the need to have a physical presence.
You will simply register your business to an address in a location of your choice.
Icon Offices gives you an array of locations to choose from and gives you the choice of setting up your own unique virtual office address.
Choose a prime location
Setting up a virtual office in the country of your choice gives you the freedom to choose a prime location for your business. You can decide to incorporate your company in a prestigious location without the expense of renting a space or leasing a property.
The business address will give your business a professional image and good reputation attracting clients/ customers and building up your revenue.
Icon Offices has 3 Business Centres in London and Essex that provide luxury serviced office accommodation at affordable rates. From only £475 inclusive of VAT, you will get a 4-person office with an internet connection.
Set up mail forwarding
The business address you use to register your company will be used for official correspondence. So, once you set it up, you will need to sort out your mail handling.
Most virtual office packages obtain mail handling and forwarding services where your mail can be scanned and sent to your email or it can be forwarded to the address of your choice no matter where you are.
A virtual office will help you maintain seamless communication with government agencies and international clients even when you are in India.
Not to worry about where to get a package with mail handling services cause Icon Offices offer it for free once you make a purchase.
Stay connected with the UK Virtual mobile number
Effective communication is crucial when it comes to business. Through communication, you get to satisfy your customers' needs and at the same time market your products and services.
Icon Offices offers a UK Virtual Mobile Number Service that allows you to route calls to your actual phone number without incurring long-distance charges. You can make and receive calls from anywhere in the world using our mobile app.
Our Virtual Mobile service comes with a range of free services which include SMS to email, voicemail to email, call recording, and more. By using our UK virtual mobile number service, you can gain your customer’s / clients' trust and give the impression that your business is well established and provide a more professional image, even if you are just starting.
Get a virtual receptionist / call answering for your business
When you are an entrepreneur, a start-up, or a small business, it is only natural that over time you cannot keep up with all the customer inquiries you get.
With Icon Offices' 24/7 Call Answering Service, you and your team can focus on the important things while meeting your customer and client demands. Our call-answering agents will answer your missed calls and take a message for you, the message will then be sent to you via email so that you can follow up with your clients.
Take advantage of free multi-currency UK Bank Accounts and international money transfer account
Expanding your business in the UK means that you will have to open a business bank account to separate your business and personal transactions. A business bank account will also help you understand your cash flow and the investments your business is making.
Icon Offices have teamed up with several banks to provide our clients with fast and hassle-free Business Banking Services. Your Bank Accounts can be set up online and you can avail up to £70 Cash Back when your Bank Accounts are open. These are exclusive deals that only our clients get.
Global expansion is a vision for several entrepreneurs. It is an exhilarating opportunity for businesses. But it comes with stress, enormous expenses, and risks.
Let Icon Offices help you build and manage your business effortlessly and help you succeed in your venture! Contact us today to take the first step of your global expansion journey. To expand your Indian business to the UK, contact us at info@iconoffices.co.uk